Quaker Chemical Co. (NYSE:KWR) EVP Jeewat Bijlani Sells 645 Shares

Quaker Chemical Co. (NYSE:KWR) EVP Jeewat Bijlani sold 645 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $165.98, for a total transaction of $107,057.10. Following the completion of the transaction, the executive vice president now owns 4,747 shares of the company’s stock, valued at approximately $787,907.06. This trade represents a 11.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Quaker Chemical Stock Performance

NYSE KWR opened at $157.81 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. Quaker Chemical Co. has a 1 year low of $151.31 and a 1 year high of $221.94. The company has a market capitalization of $2.81 billion, a PE ratio of 23.14, a P/E/G ratio of 1.96 and a beta of 1.38. The company has a fifty day moving average of $163.83 and a two-hundred day moving average of $169.66.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings data on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.19). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The company had revenue of $462.27 million during the quarter, compared to analyst estimates of $469.17 million. During the same quarter in the prior year, the company earned $2.05 EPS. The business’s revenue was down 5.8% on a year-over-year basis. As a group, analysts expect that Quaker Chemical Co. will post 7.78 earnings per share for the current year.

Quaker Chemical Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.485 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.94 annualized dividend and a yield of 1.23%. Quaker Chemical’s dividend payout ratio is presently 28.45%.

Hedge Funds Weigh In On Quaker Chemical

Several large investors have recently bought and sold shares of KWR. Harbor Capital Advisors Inc. raised its holdings in shares of Quaker Chemical by 112.8% in the third quarter. Harbor Capital Advisors Inc. now owns 8,903 shares of the specialty chemicals company’s stock valued at $1,500,000 after buying an additional 4,720 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Quaker Chemical by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 108,122 shares of the specialty chemicals company’s stock valued at $22,193,000 after buying an additional 3,441 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Quaker Chemical by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,607,511 shares of the specialty chemicals company’s stock valued at $329,942,000 after buying an additional 8,484 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Quaker Chemical by 68.3% in the second quarter. ProShare Advisors LLC now owns 67,812 shares of the specialty chemicals company’s stock valued at $11,508,000 after buying an additional 27,514 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Quaker Chemical by 37.4% in the second quarter. Renaissance Technologies LLC now owns 21,300 shares of the specialty chemicals company’s stock valued at $3,615,000 after buying an additional 5,800 shares during the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on KWR. StockNews.com downgraded shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Royal Bank of Canada lowered their target price on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Finally, Piper Sandler boosted their target price on shares of Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th.

About Quaker Chemical

Quaker Chemical Corporation, together with its subsidiaries, develops, produces, and markets various formulated specialty chemical products for a range of heavy industrial and manufacturing applications in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die-cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.